Their first company, HashCoins, which launched in December 2013, purported to be a manufacturer of crypto mining equipment, and took orders (and payment in full) from customers who wanted to purchase miners. However, according to the indictment, HashCoins never manufactured anything – instead, it re-sold mining equipment purchased on the open market and found reasons to delay the shipment of the majority of its sales.
Bitcoin Price (BTC) Falls 4% in U.S. Morning Hours
The news combined to send the U.S. dollar and bond yields modestly higher, but had little effect on stocks. Bitcoin,...